It is the first major hurricane in the 2022 eastern Pacific hurricane season.
The storm was centered approximately 250 miles southwest of Zihuatanejo, a Mexican resort town, and it had been moving west at about 14 mph.
Heavy flooding occurred in Nicaragua as a result of the storm over the weekend as Bonnie made landfall on the Caribbean coast on late Friday as a tropical storm.
"Areas of life-threatening flash flooding and mudslides are expected," said the hurricane center.
Officials in Nicaragua and Costa Rica were concerned that landslides and flooding would become issues in the coming days after the land had become already saturated with rainwater.
According to the Nicaraguan army, two people were killed in separate flooding-related incidents/
Alberto Flores Landero, 40, died while trying to cross the Mati River, which had overflowed due to the heavy rain.
Juan Carlos Alemán, 38, died helping passengers from a bus that fell into the Ali Bethel river in the same area.
Mattresses were distributed to displaced families, said the Family Ministry.
Photos from where the storm hit showed water levels rising to the rooftops of buildings as people navigated the streets on boats.